Fishman Jay A Ltd. MI Grows Stock Position in ConocoPhillips (NYSE:COP)

Fishman Jay A Ltd. MI boosted its holdings in shares of ConocoPhillips (NYSE:COP) by 16.2% during the first quarter, Holdings Channel reports. The firm owned 8,625 shares of the energy producer’s stock after acquiring an additional 1,200 shares during the quarter. Fishman Jay A Ltd. MI’s holdings in ConocoPhillips were worth $906,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of COP. Murphy & Mullick Capital Management Corp bought a new position in ConocoPhillips in the 4th quarter valued at approximately $26,000. Centricity Wealth Management LLC purchased a new stake in shares of ConocoPhillips in the 4th quarter worth $27,000. 10Elms LLP purchased a new stake in shares of ConocoPhillips in the 4th quarter worth $28,000. Crowley Wealth Management Inc. bought a new position in ConocoPhillips in the 4th quarter worth $32,000. Finally, Marshall Investment Management LLC bought a new position in ConocoPhillips in the 4th quarter worth $36,000. 82.36% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Kirk L. Johnson bought 5,300 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The stock was purchased at an average price of $94.24 per share, for a total transaction of $499,472.00. Following the transaction, the executive vice president now directly owns 14,527 shares of the company’s stock, valued at approximately $1,369,024.48. This represents a 57.44% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is owned by corporate insiders.

ConocoPhillips Trading Up 1.0%

NYSE COP opened at $94.76 on Friday. The company’s fifty day simple moving average is $89.65 and its 200-day simple moving average is $95.52. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $118.40. The company has a current ratio of 1.27, a quick ratio of 1.13 and a debt-to-equity ratio of 0.36. The stock has a market cap of $119.79 billion, a P/E ratio of 12.04, a PEG ratio of 2.54 and a beta of 0.61.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.04. The company had revenue of $16.18 billion for the quarter, compared to analysts’ expectations of $15.74 billion. ConocoPhillips had a net margin of 16.02% and a return on equity of 16.54%. During the same period in the prior year, the company earned $2.05 earnings per share. Equities research analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a dividend of $0.78 per share. The ex-dividend date was Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.29%. ConocoPhillips’s dividend payout ratio (DPR) is 39.64%.

Analyst Ratings Changes

Several research analysts have commented on COP shares. Raymond James Financial reissued an “outperform” rating and set a $109.00 price objective (up previously from $103.00) on shares of ConocoPhillips in a report on Tuesday, May 20th. Mizuho reduced their target price on shares of ConocoPhillips from $127.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 13th. JPMorgan Chase & Co. reduced their target price on shares of ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Bank of America cut their price objective on shares of ConocoPhillips from $107.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, May 23rd. Finally, Barclays lowered their target price on shares of ConocoPhillips from $135.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, ConocoPhillips presently has an average rating of “Moderate Buy” and a consensus target price of $121.30.

ConocoPhillips Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.